Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1887-08-11
THE FALL BOON.
We are Safe we Think in Pre-.
dieting a Bigger Fall 1mmi.
grafton Than Kansas Ever
Had.

state at large, that the desire in the east
grows and increases to come to the sun
flower state. Money is still plenty.
What to do with the surplus bothers the
doctors of the treasury The purchase of
bonds and payments on account of pen
sions and other expenses of the govern
ment throws vast amount of money up
on the market Showing the movements
of capital consequent upon the revival of
business this year, the Boston CONNER
cial-Bulletin refers to leading operations
in the west that have their origin in BOs-
ton. Foremost in such enterprises is the
Atchison, Topeka & Santa Fe railroad
Under circular 81, inviting subscriptions
to the building of the Chicago, Kansas
& Western lines in Kansas about S., 900, :
600 was subscribed. Under circular No.
50, inviting subscriptions for the extern
sion of the Southern Kansas line, some
s., 000 900 was asked for, of which 20
per cent was paid in. Under circular
No. 50, inviting subscriptions for extern
sions of railroads in Kansas, Colorado
and California, $13, 600, 600 was asked for,
one-half to be used in Kansas. Forty
per cent, or about S., 900, 900. has been
paid in and 10 per cent. is due August 1.
The issue of SO, 900, 900 bonds to build
the Chicago line of the Atchison system
has been taken by bankers, but it is ex-
pected that S1O,O00,0OO will be placed
abroad Of the S., 600, 600 reserved for
this country it is probable that about 80
per cent. has been placed by the bankers
taking the loan. Here, therefore, is one
corporation calling for $40, 600, 900, about
one-half of which has been paid in.
The Chicago, Burlington s. Quincy
railroad is another Boston corporation
which has branched out extensively in
the past few months. 1t has called for
SIS, 600, 600 About $500, 900 has been
paid in, of which 80 per cent. has been
paid in, of which 80 per cent. has been
subscribed in this country. Within q
period of year and half or two years
the Chicago, Burlington s. Northern, a
new corportion closely allied to the Chi
cago, Burlington & Quincy, has called
for $12, 10000 and all has been paid in.
about 100000 being paid within q
year The Wisconsin Central railway
has invited subscriptions to the building
of the Penokee branch to the GOgebic
range within year, and between 81, 500, :
coo and 100000 has been expended.
the proportion furnished in the east,
however, being less than the other enter
prises named. There is also the ''Mer-
RAM group of roads, so-called; in which
the Bostonians seem to delight to put
their money as often as the opportunities
offers Within year Sc, 600, 600 has been
put into the Memphis & Birmingham
road and 100000 in Current River and
other minor enterprises, with more to fol-
low on the latter account.
The foregoing new railroad enterprises,
originating in Boston, have called for
about $75, 100000. The money has all
been subscribed, and upwards of $45, 00O,-
600 has been paid in, nearly all of it
within eighteen months 1t cannot be
more definitely stated than that Boston
capitalists have subscribed very literally
in these Boston enterprises, and much of
the money so subscribed has not returned
east.
Then there is the San Diego Land COM
pany, which called for $75O,00 last
week. About 50, 600, 600 have been put into
this property in the past year or two.
while into another similar enterprise Bos-
tonians have put some $3.50, 600 within
year. This money finds its way back
slowly.
The amount of eastern capital which is
being put into western real estate mort
cages under the stimulus of the increas-
ing number of mortgage debenture com.
panies is very large indeed. One such
company organized in Boston this year
has invested over 500, 900; another and
older company has written 81, 0O0. 900 in
western mortgages within year. The
investment Of eastern capital in western
lands in private way can only be limited
at, but it is an important factor in con-
sidering money.
Another and highly important source
of permanent investment of eastern cap
ital in the west has been in national
banks. These have increased very rap
idly in number in both south and west in
the past eighteen months, the proportion
of local capital so invested being quite
large, however. The report of the comp
troller of currency issued as of Novem-
Der 1, 1886, showed 122 national banks in
Iowa, SO in Kansas, 80 in Nebraska and
50 in Dakota. The capital is small in
most cases. but the banks there are to
grow with the country and are flourish.
ing generally.
These investments make things hum
out west
Capital is the channel, and the people
go with the great river that is now at
high tide.
Perhaps the following from the Globe |
Democrat may explain why so many
illinois people come to Kansas: We saw |
4 few weeks ago that 500 families from |
)ne county in that state had come to |